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The Covid-19 outbreak is quickly developing into an economic crisis. A top priority for the Government now is to maintain employment and ensure firms can quickly recover when the lockdown ends. Read more
The New Zealand Government’s Covid-19 policy needs to directly boost capabilities in the health sector while providing the kind of appropriate economic support necessary when we’re all taking a lengthy staycation and some industries are put on ice. Uncertainty about the duration of this crisis makes deciding on the most suitable policy difficult. Read more
These are times like no other. Unless you are well over 80, you would not remember an existential and comprehensive crisis like this. Read more
Milton Friedman was wrong about the euro currency. Before its introduction, the godfather of monetarism predicted Europe’s monetary union would not survive its first recession. Read more
Wellington 23 March 2020 - BusinessNZ and The New Zealand Initiative are encouraging the Government to go further with its economic support package, saying the support package announced last week was the right first step and was greatly appreciated but needed to go further. The New Zealand Initiative’s Executive Director Dr Oliver Hartwich and BusinessNZ’s CEO Kirk Hope noted the Australian Government’s move yesterday, launching a second amount of support and signaling that more was coming. Read more
When the going gets weird, the weird turn pro. Or at least that's what Hunter S. Read more
In times of war, parts of the every-day rulebook for liberal democracies must be suspended. To protect personal and economic freedoms, in wartime governments must temporarily curb some of them. Read more
No one doubts the economic costs of lost jobs and income from Covid-19 will be substantial in the short run. But what can we know about the likely magnitude of those costs? Read more
The gloomy headlines say New Zealand just flagged its 28th case of coronavirus. Great. Read more
There were three things I was looking for in this week's pandemic budget announcement. I was not disappointed. Read more